SetStopLoss/SetProfitTarget

[newworldguy]

I am using these 2 calls in the code below, where I take a position using an explicit name in the appropriate overload of EnterLong and on occasions exit that position using the corresponding overload of Exitlong. Somehow the Stop and ProfitTaget calls are not activating. For example, for the below code, my stop is 045% and profit is 0.70%. This is yielding traces that have a PnL > 2% and in MFE > ProfitTarget and MAE > StopLoss, that should not happen right?

				bool flowCondition = flowStats.Score[0] > avgFlowstats.UpperbandScore[0];

                // SELL
                if ( flowCondition && !upcandleCondition)
                {
                    Print("$SELL signal ");
                    Print(flowStats.Score[0] + " score > " + avgFlowstats.LowerbandScore[0]);
                    Print(Volume[0] + " VOl > " + avgFlowstats.UpperbandVolume[0]);
                    Print(flowStats.NumTrades[0] + " # > " + avgFlowstats.UpperbandNumTrades[0]);
                    string entryName = "";
                    if (Position.MarketPosition != MarketPosition.Long)
                    {
                        entryName = "short" + (Position.Quantity + 1).ToString();
                        PrintA("issuing " + entryName);
                        IOrder order = EnterShort(DefaultQuantity, entryName);
                        if (order != null)
                        {
                            Print("SELL:" + order.ToString());
                            ht.Add(entryName, DefaultQuantity);
                        }
                        else
                            Print(Time[0].ToString() + "--EnterShort: NULL Order");

                        Print("setting stop and target for " + entryName);
                        SetStopLoss(entryName, CalculationMode.Percent, 0.45, false);
                        SetProfitTarget(entryName, CalculationMode.Percent, 0.70);


                    }
                    else // long
                    {
                        entryName = "long" + Position.Quantity.ToString();
                        if (ht.ContainsKey(entryName))
                        {
                            PrintA("issuing " + "exit-" + entryName);
                            IOrder order = ExitLong(DefaultQuantity, "exit-" + entryName, entryName);
                            if (order != null)
                            {
                                //PrintA(order.ToString());
                                ht.Add("exit-" + entryName, DefaultQuantity);

                            }
                            else
                                PrintA(Time[0].ToString() + "--ExitLong: NULL Order");

                        }
                        else
                            Print(entryName + "  doesn't exist");
                    }
					
                }
				
				flowCondition = flowStats.Score[0] < avgFlowstats.LowerbandScore[0];


                // BUY
                if ( flowCondition && upcandleCondition)
                {
                    Print("$BUY signal ");
                    Print(flowStats.Score[0] + " score < " + avgFlowstats.LowerbandScore[0]);
                    Print(Volume[0] + " VOl > " + avgFlowstats.UpperbandVolume[0]);
                    Print(flowStats.NumTrades[0] + " # > " + avgFlowstats.UpperbandNumTrades[0]);
					
					string entryName = "";

                    if (Position.MarketPosition != MarketPosition.Short)
                    {
                        entryName = "long" + (Position.Quantity + 1).ToString();
                        Print("issuing " + entryName);
                        IOrder order = EnterLong(DefaultQuantity, entryName);
                        if (order != null)
                        {
                            Print("BUY:" + order.ToString());
                            ht.Add(entryName, DefaultQuantity);
                        }
                        else
                            Print(Time[0].ToString() + "--EnterLong: NULL Order");

                        Print("setting stop and target for " + entryName);
                        SetStopLoss(entryName, CalculationMode.Percent, 0.45, false);
                        SetProfitTarget(entryName, CalculationMode.Percent, 0.70);

                    }
                    else // short
                    {
                        entryName = "short" + Position.Quantity.ToString();
                        if (ht.ContainsKey(entryName))
                        {
                            PrintA("issuing " + "exit-" + entryName);
                            IOrder order = ExitShort(DefaultQuantity, "exit-" + entryName, entryName);
                            if (order != null)
                            {
                                Print("Adding exit-"  + entryName);
                                ht.Add("exit-" + entryName, DefaultQuantity);
                            }
                            else
                                PrintA(Time[0].ToString() + "--ExitShort: NULL Order");

                        }
                        else
                            Print(entryName + "  doesn't exist");
                    }

[NinjaTrader_CalH]

Newworldguy,

Thank you for your post.

Are you looking to do .4% or 40% as the Profit Target?
Is this logic true for the Stop Loss as well?

[newworldguy]

I am looking for 0.45% stop loss and 0.7% profit target.

Please sen me an example of how exactly I can specify the various calculation modes, the help section and documentation is insufficient. I appreciate your effort.

[NinjaTrader_CalH]

Newworldguy,

The percent for the Set() Orders is on 0 - 1 setting.

Example -
50% = .5

0.45% = .0045
0.7% = .007